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Question

A man spends 25% of his monthly salary on Rent and 32% on Groceries. He invest remaining monthly salary in the ratio of 11: 5 in Mutual Funds and Fixed Deposits, If difference between his yearly mutual funds and fixed deposit amount is Rs 77400, then, find the amount he spends each month on Groceries products.

A Rs. 12800

B Rs. 12000

C Rs. 12300

D Rs. 12500

E Rs. 12820

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